HDFC Bank on October 17 informed that its present head of finance, Sashidhar Jagdishan, will be the new CEO of the bank. Earlier, the RBI has approved his appointment for a term of three years. Sashidhar, who joined HDFC in 1996, has served various positions in the bank including that of Chief Financial Officer. He is expected to take charge from October 27, and will replace incumbent Aditya Puri.
Under the new ’Gradual Step Up’ and ’TML Flexi Drive’ schemes, Tata motors reported that its passenger vehicles can be financed by HDFC banks after the collaboration. Reportedly, the schemes are open until the end of November where the customers can choose their EMI paying options. A Tata Motors official said, “The schemes are affordable and accessible to individuals and families, while contributing to the joy of this year’s festive season… read-more
Sensex settled higher on August 4 as the 30-share BSE index jumped 2.03% and gained 748 points to close at 37,688. Nifty also ended on 11,102 after gaining 211 points, an increase of 1.95%. Companies like Reliance, Maruti, HDFC, Axis, and ICICI bank gain the most with their shares surging by upto 7.10%. Whereas, Indus Bank, Tech Mahindra, HCL Tech, Infosys were the prominent laggards, falling upto 2.75%.
India's largest private sector lender, HDFC bank registered a rise of 20% in its Quarter 1 net profit at Rs 6,658.62 crore. In the months of April-June, the bank's profit was at Rs 5,568.10 crore. The company's income has shown a rise too, as last year (2019) in the month of June, the income was Rs 32,361.84 crore and this year it is at Rs 34,453.28 crore.
Courtesy: The Economic Times